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What Hillary would do tomorrow, if she could
The action candidate lays out her plan for an immediate boost for the economy. Her timing couldn't be better.
Andrew Leonard [2008-01-11]

  • damnthatxanadu (and Sherrie, too!)

    I am inclined to agree with you, dan. The Iraq war is the biggest drain on our economy by far, yet Hillary never bothers to mention it. I do not believe that tax breaks alone will fund her stimulus.

    Hillary's new idea also sounds like she lifted it from a section of Barack Obama's economic plan, which you can find in his section on the subprime crisis:

    http://www.barackobama.com/issues/economy/#mortgage-issue

    "Create Fund to Help Homeowners Avoid Foreclosures:

    In addition to taking important steps to prevent mortgage fraud from occurring in the future, Barack Obama will establish policies to help Americans currently facing foreclosure through no fault of their own. For instance, in communities where there are many foreclosures property values of innocent homeowners are often also negatively impacted, driving them toward foreclosure, too.

    Obama will create a fund to help people refinance their mortgages and provide comprehensive supports to innocent homeowners. The fund will also assist individuals who purchased homes that are simply too expensive for their income levels by helping to sell their homes. The fund will help offset costs of selling a home, including helping low-income borrowers get additional time and support to pay back any losses from the sale of their home and waiving certain federal, state and local income taxes that result from an individual selling their home to avoid foreclosure. These steps will ensure that individuals who have to sell their homes will be able to quickly regain stable financial footing. The fund will be partially paid for by Obama’s increased penalties on lenders who acted irresponsibly and committed fraud."

    If you are interested in reading the rest of Barack Obama's plan, you may follow this link here:

    http://www.barackobama.com/issues/economy/

    I hope this response wasn't too combative for you, Sherrie. I disagree about the assertion of Hillary as a true democrat, though: her campaign has been run like a republican in democrat's clothing.

    -- eclecticbrotha
    [Read eclecticbrotha's other letters]
    Friday, January 11, 2008 09:14 PM
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